COP23 side event: Supporting the implementation of the NDCs — the role of carbon pricing and fiscal policies

November 9, 2017 @ 2:30 pm - 4:00 pm

Fiscal policies such as carbon pricing and fossil fuel subsidy reform can mobilise revenues for climate finance and provide a cost-effective approach to reducing GHG emissions. The role of such instruments in supporting climate action is increasingly recognized and over 90 countries included some form of fiscal policies in their Nationally Determined Contributions (NDCs). This event examined the role of carbon pricing and fiscal policies in implementing the NDCs. It brought together a panel of experts to discuss countries’ commitments on fiscal policies in their NDCs, challenges faced and what still needs to be done to meet the Paris targets.